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North America Ready-to-Eat Soup Market to Soar at a CAGR of 6% During 2017-2022

08-12-2021 06:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

A new research report published by Fact.MR predicts that the global ready-to-eat soup market will grow at an estimated CAGR of 5.9% during the period 2017-2022 and exceed a value of US$ 750 Mn by the end of 2019.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=282

The study opines that ready-to-eat soups market will be driven by a cohort of factors, including rising demand for convenience foods, increasing number of women in workforce, and consumption of soups for treating common colds and sore throats. According to the study, manufacturers are aware of the evolving consumer preferences, and are diversifying their product portfolio to cater to the tastes of a wide range of consumers.

North America to Lead the Ready-to-Eat Soup Market with a CAGR of over 6% during 2017-2022

According to the study, North America will continue to be one of the leading markets for ready-to-soup over the forecast period. Sales of ready-to-eat soups are relatively higher in countries with harsh winters, and the US with its established food & beverage industry and expansive distribution channels continues to lead the rally. The study opines that ready-to-eat soups will continue to outsell other variants in North America.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=282

Increasing Use of Corn Starch to Beset the Growth of the Ready-to-Eat Soup Market

Another challenge for the ready-to-eat soup market is the extensive use of preservative to extend the shelf life of the soups. Rising health consensus among consumers, coupled with the known health impacts of preservatives can create reluctance among consumers. The study finds that constantly fluctuating prices of raw materials continue to pose challenges in terms of supply-demand.

Ready-to-Eat Soup Market: Segmentation

FactMR’s study has done the segmentation of ready-to-eat soup market on the basis of product type, base ingredient, nature, packaging type, sales channel and region.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/282

Product Type
• Wet Soup
• Dry Soup

Nature
• Organic
• Conventional

Packaging Type
• Bottles
• Cans
• Packets

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/03/1924711/0/en/Geriatric-Care-Social-Psyche-and-Legal-Norms-hold-the-future-of-Global-CBD-Market-Reveals-FACT-MR-s-Study.html

Sales through Online Channels Creating Growth Opportunities

According to the study, surge in the online purchasing patterns of the consumers, coupled with the advancement of ecommerce portals is expected to highly influence the growth of the ready-to-eat soup market. North America is poised to remain as the largest contributor to the online sales of ready-to-eat soup and exceed US$ 31 Mn in online stores segment by the end of 2019. As per the statistics mentioned in the study, online stores will be the fastest growing segment in the ready-to-eat soup market and record a CAGR of 6.8% during the forecast period.

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